Puma: UBS still on hold
(CercleFinance.com) - UBS believes that Puma is facing a new and even more difficult reality.
The analyst hence confirms his Neutral rating on the share, leaving his target price for itunchanged at E43.9. This target price represents 44% upside potential.
Puma faces significant risks to its growth and margin targets, UBS says.
Puma says it has decided to launch a cost optimisation plan called "nextlevel" aiming to achieve an operating margin of 8.5% by 2027. Until now, the group had expected to achieve an operating margin of between 8% and 8.5% this year.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The analyst hence confirms his Neutral rating on the share, leaving his target price for itunchanged at E43.9. This target price represents 44% upside potential.
Puma faces significant risks to its growth and margin targets, UBS says.
Puma says it has decided to launch a cost optimisation plan called "nextlevel" aiming to achieve an operating margin of 8.5% by 2027. Until now, the group had expected to achieve an operating margin of between 8% and 8.5% this year.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.